What We Do
- The Kansas City Financial Center is one of two Treasury Fiscal Service disbursing centers. The Kansas City Financial Center employs approximately 155 people, provides payment services for over 300 federal agency sites and for the executive, legislative, and judicial branches of the government.
- Annually disburse over 1 billion payments totaling $3 trillion dollars - either electronic funds transfer (EFT) or check - on behalf of virtually every federal agency in the Executive Branch except for certain independent agencies, such as the U.S. Postal Service.
- In fact, Fiscal Service disburses approximately 85 percent of all federal payments. In fiscal year 2014, the Kansas City Financial Center issued more than 1.2 billion payments, 92 percent of which were EFT, totaling more than $3 trillion to over 250 federal agencies worldwide.
- Disburse public monies including benefit payments, disability payments, tax refund payments, federal salary payments, benefit and annuity payments, vendor payments and miscellaneous payments on behalf of federal agencies.
- Process all foreign currency and same-day ACH payments on behalf of Treasury disbursed agencies.
- Develop, test, and implement cash/financial management products and services.
- Provide training and education of cash/financial management and accounting products and services.
- Implement and monitor cash/credit management, debt collection and accounting programs for federal agencies.
- Serve as a financial consultant and advisor to federal, state and local governments; the financial community; and the Federal Reserve System to make sure that Fiscal Service initiatives are carried out in a practical, efficient and effective manner.
- The Philadelphia Financial Center also performs other payment-related services including EFT and check claims and reclamations, cancellation of returned checks, and processing agencies' requests for recovery of payments issued after a payee is deceased.
The work of the Kansas City Financial Center (KFC) has evolved from the relatively simple disbursement of handwritten checks into a major financial center that issues payments by electronic funds transfer (EFT) and telecommunications using sophisticated software systems, such as Secure Payment System (SPS), high-speed check printers, and enclosing equipment.
KFC processes foreign currency payments, and offers a wide range of financial management services for customers, both in and outside of the federal government.
Since February 2001, the Kansas City Financial Center has been printing paper checks on high-speed laser printers that can print more than 80,000 checks per hour, compared with the 12,000 check-per-hour printing capabilities of its impact printers.
The Kansas City Financial Center currently has three laser printers in operation. The digital printing and verification systems, combined in the laser printer, take the process of check and payment-related document printing to a new level of confidence and accuracy.
Even more recently, the Kansas City Financial Center has begun production on intelligent inserting machines. This system allows for complete quality control of every paper check issued by the Center.
Through its payment processes, the Kansas City Financial Center assists with the collection of delinquent debts owed to the federal government and to state governments. The collections are made through the Treasury Offset Program, a system under which names and taxpayer identifying numbers of debtors included in a Fiscal Service database are matched against names and taxpayer identifying numbers of recipients of federal payments. If there are matches, the amounts of the payments are reduced, or offset, to satisfy the delinquent debts.
In addition to the domestic payment and debt collection systems, the Kansas City Financial Center supports other Fiscal Service payment and program initiatives.
In fiscal year 2014, the Center processed over $6.0 billion in foreign currency payments through the International Treasury Services system (ITS.gov) on behalf of federal agencies to payees around the world.
The Center provides customer support for the Automated Standard Application for Payments system (ASAP.gov). And, the Kansas City Financial Center provides project management support for the Payment Application Modernization (PAM) effort, a major agency-wide project to modernize and consolidate more than 30 payment applications into one streamlined system.
Last modified 10/22/18